BC only has one main address on the vendor card to remit payments and this is not necessarily the corporate address which is what is required when sending 1099's.
Year-End is coming and many clients who transitioned from GP are looking for a way to accomplish this without a customization.
Also, if a client makes this transition anytime after a 1099 vendor has been paid in prior ERP there isn't a way to record this to be added to the 1099 report.
Comments
Having the ability to select a specific address is a necessity for 1099s. As stated previously, vendors can have multiple addresses and then have a separate 1099 address that needs to be used. In addition to that, there are vendors that require to print a certain name on a check when paying invoices, but when issuing a 1099 their registered tax name/address is what needs to appear on the 1099 or it will get rejected by the government when the 1099 is submitted.
Category: Financial Management
Very important to have this... I have public, not-for-profit and healthcare companies that require multiple remit-to addresses. In addition, 1099 address may be deferent than regular address.
Category: Financial Management
Business Central Team (administrator)
Thank you for this suggestion! Currently this is not on our roadmap. We are tracking this idea and if it gathers more votes and comments we will consider it in the future.
Best regards,
Business Central Team